that was dr steve hanke a professor of applied economics at johns hopkins university. time now for a quick break but stick around because when we return we'll bring you more on monetary policy with professor scott sumner one of the most vocal proponents of market monetarism and nominal g.d.p. targeting and in today's big deal i'm sitting down with the leak the host of redacted tonight we're talking about the increasing divide between the rich and the poor so stay turned and here before the break of the closing numbers at the bell. the policymakers predict a bubble. can they take steps to pop them what role should monetary policy have in markets now continuing our exploration into all things monetary we explore a market monetarism with scott and economics professor at bentley university and a vocal proponent of market monetarism aaron spoke with some earlier and first asked him to explain what the fed should have done after the first oil shock after a deep recession the economy was going gangbusters by early one nine hundred seventy five so she wanted to know what would

that was dr steve hanke a professor of applied economics at the johns hopkins university. time now for a quick break but stick around because when we return we'll bring you more on monetary policy with professor scott sumner one of the most vocal proponents of market monetarism and nominal g.d.p. targeting and in today's big deal i'm sitting down with the league the host of redacted tonight we're talking about the increasing divide between the rich and the poor so stay turned and here before the break of the closing numbers at the bell. crosstalk rules in effect that means you can jump in anytime you want. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on r.t. question for. the policymakers predict bubbles can they take steps to pop them what role should monetary policy have in markets now continuing our exploration into all things monetary we explore a market monetarism with scott and economics professor at bentley university and a vocal proponent of market mone

that was dr steve hanke a professor of applied economics at johns hopkins university. time now for a quick break but stick around because when we return we'll bring you more on monetary policy with professor scott sumner one of the most vocal proponents of market monetarism and nominal g.d.p. targeting and in today's big deal i'm sitting down with the league the host of redacted tonight we're talking about the increasing divide between the rich and the poor so stay turned and here before the break of the closing numbers at the bell. economic. forum. now i. want. signings. to jennings but eugenics vulgarized darwin science punishment for an uncommitted crying i was never really struggling for believing in eighty feebleminded still today for the few i don't know why he loved his life but i still don't know why genetic improvement through forced sterilization the basis for nazi ideology don't stop at just sterilizing yet not going to now go to the point of death. for years rarely. discussed. until now i'd really rather not talk about that right. there's a medium leave tho

bankers conduct monetary policy will have major implications for our economy our next guest is dr steve hanke who is a professor of applied economics at the johns hopkins university in baltimore and senior fellow at the cato institute he spoke to aaron earlier about venezuela and hyperinflation currency wars and federal reserve policy hank you believe that janet yellen the monetary policy schizo phrenic and first thank you to explain why here's what he had to say. this comes from. the separation between bank money and state money of course has been no one but it for a long time and and particularly in one nine hundred thirty eight john maynard keynes wrote the treatise his treatise on money and which milton friedman thought was the best book and i agree and he had this separation between state money state money is produced by a central bank and we call it high powered money or monetary base surf you're looking at ams it's m. sub zero that state money and that accounts for about twenty percent of the money supply total money supply broadly measured in the united states the other trunk the they

that was dr steve hanke a professor of applied economics at the johns hopkins university. time now for a quick break but stick around because when we were turn we bring you more on monetary policy with professor scott sumner one of the most vocal proponents of market monetarism and nominal g.d.p. targeting and in today's big deal i'm sitting down with the leak the host of redacted tonight we're talking about the increasing divide between the rich and the poor so stay tuned and here before the break of the closing numbers at the bell. the try to. people. like you are if you're preaching every minute. and. let me know. how well. my over the last five. months think six. excuses. sometimes for nothing. just. look just keep still we could still be shocked if you see the state aid to the. speech was. lip. take that as a sign that the united states would be more last year with they always are still calling the shots in the ukraine in such undemocratic fashion as long as they are in line of big u.s. national interests the united states i think its influence over ukraine is possibl

that was dr steve hanke a professor of applied economics at johns hopkins university. time now for a quick break but stick around because when we return we'll bring you more on monetary policy with professor scott sumner one of the most vocal proponents of market monetarism and nominal g.d.p. targeting in today's big deal i'm sitting down with the leak the host of redacted tonight we're talking about the increasing divide between the rich and the poor so stay tuned here before the break of the closing numbers at the. there's a new i'm a grown because we've not got a polygamist family i'm looking for a woman who understands me anyway and i want her to share my goal of saving our people from extinction up to most. young so i've had two failed marriages and she's had one. wish changed what's been a chemist marriage and have decided to find a man to marry as. the machine we want to know women who could say you kids together with that this. month dream is to have lots. o. going to do that with only one wife so it's impossible to. take that as a sign that the united states w

for our best of the best segment so first up is dr pippa she is taking a closer look at the official inflation numbers and compares them to her and steve hanke he discusses the difference between state money and bank money and how yellen has it all mixed up after that we bring you thomas pollies view on the difference between new kansans and post ken's ians and for our final two clips we take a look at energy with richard heinberg he's weighing in on alternative energy replacing carbon based fuels and course martinson links how energy costs can lead to rising food costs take a look. so i do think the gap is widening between what the official data points are telling us and what people are experiencing in their everyday life and i think it's typical at the beginning of a higher inflation rate that you get such a gap now we can argue about the reasons why it's occurring what i don't buy is the argument that some prices are rising but a lot of prices are still falling i don't see evidence of the falling price environment like not like the way we used to have it for example you used to falling prices and clothing and textiles shoes because there